Evercore Inc. - EVR STOCK NEWS

Evercore (NYSE: EVR) is hosting its first Global Clean Energy & Transition Technologies Summit on June 14-15, 2022, in New York. This event will focus on the energy transition towards a sustainable economy, featuring discussions and fireside chats with top executives from leading clean energy companies. Evercore ISI is committed to sustainability and is backed by leading researchers in the field. Notable speakers include executives from firms like Chargepoint and Plug Power. The summit is invite-only, targeting institutional investors and industry leaders.

Evercore (NYSE: EVR) announced the appointment of Herb Yeh as a Senior Managing Director in its Technology practice, based in Silicon Valley. Yeh, previously with Citi as Global Co-Head of Technology Investment Banking, brings over 25 years of experience in strategic M&A and capital raising for tech firms. John S. Weinberg, CEO, highlighted the growth opportunities in the Software sector. Yeh expressed his commitment to Evercore's client-centric vision and aims to enhance the firm's Technology practice.

Evercore Inc. (NYSE: EVR) reported record first quarter results for 2022, with net revenues reaching $722.9 million, a 9% increase year-over-year. Adjusted diluted earnings per share rose to $3.79, up 17%. Advisory revenues surged by 22% to $624.6 million, driven by a high volume of transactions. The quarterly dividend increased by 6% to $0.72 per share, payable on June 10, 2022. Share repurchases totaled $298.3 million this quarter, reflecting strong capital return initiatives.

Evercore (NYSE: EVR) is set to announce its first quarter 2022 financial results on April 27, 2022, at 6:45 a.m. Eastern Time. A conference call will follow at 8:00 a.m., led by John S. Weinberg, Chairman and CEO, alongside Celeste Mellet, CFO. Investors can join by calling (877) 359-9508 for domestic or (224) 357-2393 for international participation, passcode 1168879. The call will last about an hour, and a replay will be accessible for one week. A live audio webcast will be available on Evercore’s website.

Evercore (NYSE: EVR) has been recognized as the Best M&A Adviser in Asia for the first time and the Best M&A Adviser in Singapore for the fifth time by The Asset magazine during its 2021 Triple A Country Awards. The firm has advised on significant transactions, including Jurong Port's S$3 billion acquisition of Universal Terminal and Pacific International Lines' US$3.3 billion debt restructuring. The Singapore office, established in 2015, has grown to become a key hub for Evercore in Asia, reflecting its commitment to delivering top-tier advisory services.

Evercore Wealth Management has appointed Sebastian Granzo as Partner while he continues as Head of Operations and COO at Evercore Trust Company. Granzo, who joined Evercore in 2019 as Managing Director, has a rich background with experience at Shepherd Kaplan Krochuk and JPMorgan Chase. CEO Chris Zander praised Granzo's contributions and leadership. Evercore Wealth Management manages $12.2 billion in client assets and provides investment management, financial planning, and trust services.

Evercore (NYSE: EVR) has authorized a $1.4 billion share repurchase program, allowing for the buyback of up to 10 million shares of its Class A common stock and/or Evercore LP Units. This program aims to offset dilution from annual bonus equity and new hire grants while returning excess cash not needed for business investment. The repurchase will take place in various market conditions without an expiration date, depending on liquidity and other factors.

Evercore Inc. (NYSE: EVR) reported record financial results for 2021, with net revenues rising 45% year-over-year to $3.29 billion. The fourth quarter saw net income attributable to Evercore increase to $296 million, representing a 34% rise. Advisory revenues surged 57% to over $2.7 billion. The company declared a quarterly dividend of $0.68 per share, payable on March 11, 2022. During 2021, Evercore returned $852.3 million to shareholders through dividends and share repurchases. Effective management initiatives strengthened their market position, reflecting strong growth prospects.

Evercore (NYSE: EVR) has appointed David Lischer as a Senior Managing Director in its Debt Advisory practice, based in New York. Previously a Managing Director at Goldman Sachs, Lischer brings over 25 years of experience in debt capital markets, advising on various financial transactions. Evercore's Co-CEOs highlighted the significant growth opportunities in their Capital Markets Advisory businesses, emphasizing Lischer's expertise as crucial for meeting complex client needs. His addition is expected to enhance Evercore's debt advisory and placement services.